2292

LAWS OF MARYLAND

Ch. 377

further action required by the General Assembly, Section 1 of
this Act shall be of no further effect. Section 2 of this Act
shall take effect February 1, 1986.

Approved May 21, 1985.

CHAPTER 378

(House Bill 882)

AN ACT concerning

Worcester County - Overdue Property Tax - Interest Penalty

FOR the purpose of authorizing the County Commissioners of
Worcester County to establish a certain interest rate for
property taxes due Worcester County; requiring the interest
rate not to exceed a certain amount; and providing for the
effective date of this Act.

BY adding to

Article 81 - Revenue and Taxes

Section 48(s)

Annotated Code of Maryland

(1980 Replacement Volume and 1984 Supplement)

BY repealing and reenacting, with amendments,

Article - Tax - Property

Section 14-603

Annotated Code of Maryland

(As enacted by Chapter ____ (S.B. 1) of the

Acts of the General Assembly of 1985)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 81 - Revenue and Taxes

48.

(S) TAXES OVERDUE, IN ARREARS, AND PAYABLE TO WORCESTER
COUNTY SHALL BEAR INTEREST AT A RATE NOT TO EXCEED 1 1/2 PERCENT
FOR EACH MONTH, OR FRACTION THEREOF, UNTIL PAID, AS FIXED BY THE
COUNTY COMMISSIONERS OF WORCESTER COUNTY.

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of
Maryland read as follows: